US Govt ETH Transfer of $219K go Coinbase Dey Flag 10% Rally
On July 7, 2025, US government move 86.56 ETH (about $219,000) wey dem seize from scammer Chase Senecal, send am go Coinbase. Dis ETH transfer na di first wey dem do under President Biden own administration. Even though e small compared to di $650 million ETH wey government hold, dis kain on-chain move dey remind di Bitcoin transfer before big liquidation dem, make traders look out for bigger sell-off.
Despite di transfer, price still dey stable. Technical analysis for 4-hour chart show say e get bullish pennant dey form after e jump from about $2,150 to $2,550. If e break above pennant confirmed, price fit rise 10% go $2,817. Important indicator show: 14-day RSI dey 54 wey neutral, +DI pass −DI, and ADX under 20 mean trend strength weak, waiting for confirmation.
Market people suppose dey watch on-chain data and trading volume well-well. Department of Justice dey usually use Coinbase Prime for OTC sales but dem nor announce any disposal plan yet. Traders wey wan take advantage of potential momentum suppose dey watch volume increase for pennant top and ready for short-term wahala.
Bullish
Di news sharp for ETH short term. Di small on-chain ETH wey dem transfer go Coinbase dey mirror pattern wey dem dey see before market moves, e dey attract trader eye and e dey increase on-chain activity. Di 4-hour chart get one bullish pennant, plus neutral RSI and positive DI readings, show say e fit break 10%. Long term, if e break and volume still dey rise, investors go get more confidence, but government transfers fit cause some periodic wahala. Overall, di technical pattern and market vibe dey show say Ethereum get upward momentum.